The 243rd European Crisis Summit

July 2nd, 2012

I am going to start to do some shorter blogs, on all things financial. Topics will be on what may affect interest rates and housing, or may just be of general interest. Read, comment or simply ponder. I’ll call these short blogs “slogs”. Below is the first of these.

We have just seen the 18th European Crisis Summit over 2.5 years. After 18 attempts at fixing anything, a roof, a car, a bike, or your own personal finances, would you start to question the efficacy of the people attempting the fixing? Or would you finally come to terms with the fact that the broken object is not fixable? As usual, heavily centralized governments fail, and the European Union will too. The Euro and Europe are done folks. They are in trouble beyond repair. I’d be wary of my investing choices as they relate to Europe. And hopefully this will have some benefit for the US bond market and interest rates due to the next flight to quality investing wave as Europe continues to fail.

Brian Martucci is a loan officer for Capital Bank Home Loans, a division of Capital Bank, N.A. He has been in the mortgage industry since 1986 and has served in a number of roles, including loan processor, loan officer, mortgage broker, branch manager, and vice president. Brian Martucci – NMLS# 185421. His opinions do not necessarily reflect the opinions and beliefs of Capital Bank Home Loans or Capital Bank. Capital Bank, N.A.- NMLS# 401599. Click here for the Capital Bank, N.A. “Privacy Policy”.

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